1 of 1
Story summary
- Matthew Melton, a financier, was extradited from the United Kingdom to the United States on securities and wire fraud charges.
- Authorities allege that Melton ran a Ponzi scheme through investment fund Price Physics, promising investors monthly returns of 10 percent.
- Instead of using a proprietary trading algorithm as claimed, Melton used new investors' money to pay older investors and funded spending from 2018 to 2020, and is jailed in Brooklyn.
